1935 E El Norte, Escondido, CA 92027
- $3,700,000
- Sold Price
- $3,700,000
- List Price
- $3,550,000
- Closing Date
- Mar 04, 2026
- Status
- CLOSED
- MLS#
- IV25235623
- Year Built
- 1940
- Lot Size
- 100,188
- Acres
- 2.30
- Lot Location
- 2-5 Units/Acre
- Days on Market
- 12
- Property Type
- Single Family Residential
- Property Sub Type
- Single Family Residence
- Neighborhood
- North Escondido
Property Description
This offering consists of five contiguous parcels located at the signalized southwest corner of E. El Norte Parkway and N. Midway Drive in Escondido, California. Together, the parcels total approximately 2.3 acres and include: • Three single-family homes • A 6,335 sq. ft. market/liquor store • A 0.36-acre parcel of vacant land The properties are situated within the Commercial Neighborhood (CN) zoning district. The existing residential units are classified by the City as legal, non-conforming uses, meaning new residential construction would require a zone change. The four rented units currently generate approximately $14,700 per month in gross income, providing strong interim cash flow. This site occupies a unique position as a standalone commercial enclave surrounded by residential neighborhoods, giving it a near-monopoly advantage for local retail and service businesses within the immediate trade area. Additionally, the vacant parcel offers future development potential, and the scarcity of commercial zoning in this area positions the property for strong long-term appreciation
Additional Information
- Pool Description
- None
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Attached Structure
- Attached
- Number Of Units Total
- 4
- Gross Scheduled Income
- $176,400
- Operating Expense
- 44100
Listing courtesy of Listing Agent: LEE SPENCE (lee.spence@daumcommercial.com) from Listing Office: DAUM COMMERCIAL RE SERVICES.
Listing sold by LEE SPENCE from DAUM COMMERCIAL RE SERVICES
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